Just a quick update to let you know what is going on here at SingleGuyMoney.
- Still waiting on a response from the bank that owns the property I am interested in purchasing for an investment. I put in an offer of $28k and $1500 closing costs. My realtor called me yesterday and advised he received a response from the bank. They have multiple offers submitted and wanted to know if I wanted to increase my offer. I increased the offer to $32k plus $1500 closing costs. I will not offer higher than $34k because there are alot more properties out there for less than $30k.
- Applied for the Amex Gold card this morning. They have a promotion now where they are offering $250 or 25,000 rewards points. The card does have an annual fee so I will cancel in a few months. The offer ends today so if you want to apply, be sure to do so today.
- My fellow M-Network member, DebtFree Revolution, hosted the 109th Edition of the Carnival of Debt Reduction. Be sure to check it out here.
- Metro Atlanta is facing a major drought. Anyone want to loan us some water?
Where are you finding property for $30K?
@David - I am using ZipRealty.com and searching the west and southwest Atlanta area.
I'll be interested to see the outcome. I have not had much luck with offers on bank-owned or "REO" properties in the past couple of years, but haven't tried that route lately. Rob and I will likely be looking in the next 3-4 months to pick up the next property, so I'll have another opportunity to see if market changes have made banks a little more willing to part with their properties.
Good luck with that offer.